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Official Treasury Currency Conversion Rates of December 31, 2013 – 2013 FBAR Conversion Rates

Every year, the U.S. Department of Treasure publishes its official currency conversion rates (they are called “Treasury’s Financial Management Service rates”); I will refer to the “FBAR Conversion Rates”. Recently, the Treasury Department published the FBAR Conversion rates for December 31, 2013. While there are other good reasons for the existence of these rates, the 2013 FBAR Conversion Rates are especially important for persons who are required to file the FBARs.

The latest (October 2013) FBAR instructions require the use of Treasury’s Financial Management Service rates, if available, to determine the maximum value of a foreign bank account. In particular, the FBAR instructions state:

In the case of non-United States currency, convert the maximum account value for each account into United States dollars. Convert foreign currency by using the Treasury’s Financial Management Service rate (this rate may be found at www.fms.treas.gov) from the last day of the calendar year. If no Treasury Financial Management Service rate is available, use another verifiable exchange rate and provide the source of that rate. In valuing currency of a country that uses multiple exchange rates, use the rate that would apply if the currency in the account were converted into United States dollars on the last day of the calendar year.

For this reason, the international tax attorneys take their time to compile these rates with all updates. For your convenience, Sherayzen Law Office provides a table of the official  2013 FBAR Conversion Rates below (keep in mind, you still need to refer to the official website for any updates).

Country – Currency

Foreign Currency to $1.00

AFGHANISTAN – AFGHANI

56.0000

ALBANIA – LEK

101.7000

ALGERIA – DINAR

78.0250

ANGOLA – KWANZA

95.0000

ANTIGUA – BARBUDA – E. CARIBBEAN DOLLAR

2.7000

ARGENTINA – PESO

6.5180

ARMENIA – DRAM

404.0000

AUSTRALIA – DOLLAR

1.1200

AUSTRIA – EURO

0.7260

AZERBAIJAN – NEW MANAT

0.8000

BAHAMAS – DOLLAR

1.0000

BAHRAIN – DINAR

0.3770

BANGLADESH – TAKA

79.0000

BARBADOS – DOLLAR

2.0200

BELARUS – RUBLE

9510.0000

BELGIUM – EURO

0.7260

BELIZE – DOLLAR

2.0000

BENIN – CFA FRANC

475.0000

BERMUDA – DOLLAR

1.0000

BOLIVIA – BOLIVIANO

6.8600

BOSNIA-HERCEGOVINA MARKA

1.4210

BOTSWANA – PULA

8.7490

BRAZIL – REAL

2.3620

BRUNEI – DOLLAR

1.2540

BULGARIA – LEV

1.4210

BURKINA FASO – CFA FRANC

475.0000

BURMA – KYAT

980.0000

BURUNDI – FRANC

1540.0000

CAMBODIA (KHMER) – RIEL

4103.0000

CAMEROON – CFA FRANC

476.5400

CANADA – DOLLAR

1.0640

CAPE VERDE – ESCUDO

80.3030

CAYMAN ISLANDS – DOLLAR

0.8200

CENTRAL AFRICAN REPUBLIC – CFA FRANC

475.0000

CHAD – CFA FRANC

476.5400

CHILE – PESO

525.3200

CHINA – RENMINBI

6.0540

COLOMBIA – PESO

1924.9800

COMOROS – FRANC

361.3500

CONGO – CFA FRANC

475.0000

CONGO, DEM. REP – CONGOLESE FRANC

920.0000

COSTA RICA – COLON

495.2000

COTE D’IVOIRE – CFA FRANC

475.0000

CROATIA – KUNA

5.4600

CUBA-PESO

1.0000

CYPRUS – EURO

0.7260

CZECH – KORUNA

19.4570

DENMARK – KRONE

5.4190

DJIBOUTI – FRANC

177.0000

DOMINICAN REPUBLIC – PESO

42.6500

ECAUDOR – DOLARES

1.0000

EGYPT – POUND

6.9480

EL SALVADOR – DOLARES

1.0000

EQUATORIAL GUINEA – CFA FRANC

476.5400

ERITREA – NAKFA

15.0000

ESTONIA – EURO

0.7260

ETHIOPIA – BIRR

19.0600

EURO ZONE – EURO

0.7260

FIJI – DOLLAR

1.8640

FINLAND-EURO

0.7260

FRANCE-EURO

0.7260

GABON – CFA FRANC

476.5400

GAMBIA – DALASI

39.0000

GEORGIA – LARI

1.7400

GERMANY FRG – EURO

0.7260

GHANA – CEDI

2.3500

GREECE – EURO

0.7260

GRENADA – EAST CARIBBEAN DOLLAR

2.7000

GUATEMALA – QUENTZAL

7.8410

GUINEA – FRANC

7006.0000

GUINEA BISSAU – CFA FRANC

475.0000

GUYANA – DOLLAR

202.0000

HAITI – GOURDE

43.5500

HONDURAS – LEMPIRA

20.4200

HONG KONG – DOLLAR

7.7530

HUNGARY – FORINT

215.7300

ICELAND – KRONA

115.0300

INDIA – RUPEE

61.5000

INDONESIA – RUPIAH

12100.0000

IRAN – RIAL

8229.0000

IRAQ – DINAR

1166.0000

IRELAND-EURO

0.7260

ISRAEL-SHEKEL

3.4690

ITALY-EURO

0.7260

JAMAICA – DOLLAR

104.0000

JAPAN – YEN

105.0100

JERUSALEM-SHEKEL

3.4690

JORDAN – DINAR

0.7080

KAZAKHSTAN – TENGE

153.6000

KENYA – SHILLING

86.4000

KOREA – WON

1055.2500

KUWAIT – DINAR

0.2820

KYRGYZSTAN – SOM

49.4000

LAOS – KIP

8006.0000

LATVIA – LATS

0.5080

LEBANON – POUND

1500.0000

LESOTHO – SOUTH AFRICAN RAND

10.4800

LIBERIA – U.S. DOLLAR

79.0100

LIBYA-DINAR

1.2290

LITHUANIA – LITAS

2.5080

LUXEMBOURG-EURO

0.7260

MACAO – MOP

8.0000

MACEDONIA FYROM – DENAR

>43.4000

MADAGASCAR-ARIA

2236.0100

MALAWI – KWACHA

448.0000

MALAYSIA – RINGGIT

3.2770

MALI – CFA FRANC

475.0000

MALTA-EURO

0.7260

MARSHALLS ISLANDS – DOLLAR

1.0000

MARTINIQUE-EURO

0.7260

MAURITANIA – OUGUIYA

295.0000

MAURITIUS – RUPEE

29.9500

MEXICO – NEW PESO

13.0890

MICRONESIA – DOLLAR

1.0000

MOLDOVA – LEU

12.8950

MONGOLIA – TUGRIK

1654.1000

MONTENEGRO-EURO

0.7260

MOROCCO – DIRHAM

8.1470

MOZAMBIQUE – METICAL

29.8000

NAMIBIA – DOLLAR

10.4800

NEPAL – RUPEE

98.8000

NETHERLANDS – EURO

0.7260

NETHERLANDS ANTILLES – GUILDER

1.7800

NEW ZEALAND – DOLLAR

1.2160

NICARAGUA – CORDOBA

25.3300

NIGER – CFA FRANC

475.0000

NIGERIA – NAIRA

159.7000

NORWAY – KRONE

6.0830

OMAN – RIAL

0.3850

PAKISTAN – RUPEE

105.1600

PALAU-DOLLAR

1.0000

PANAMA – BALBOA

1.0000

PAPUA NEW GUINEA – KINA

2.3530

PARAGUAY – GUARANI

4585.4400

PERU – NUEVO SOL

2.7900

PHILIPPINES – PESO

44.3800

POLAND – ZLOTY

3.0140

PORTUGAL-EURO

0.7260

QATAR – RIYAL

3.6410

ROMANIA – LEU

3.2500

RUSSIA – RUBLE

32.8640

RWANDA – FRANC

665.6900

SAO TOME & PRINCIPE – DOBRAS

17736.4360

SAUDI ARABIA – RIYAL

3.7500

SENEGAL – CFA FRANC

475.0000

SERBIA-DINAR

83.1300

SEYCHELLES – RUPEE

11.9420

SIERRA LEONE – LEONE

4340.0000

SINGAPORE – DOLLAR

1.2630

SLOVAK REPUBLIC – EURO

0.7260

SLOVENIA – EURO

0.7260

SOLOMON ISLANDS – DOLLAR

7.0320

SOUTH AFRICA – RAND

10.4800

SOUTH SUDANESE – POUND

3.0000

SPAIN – EURO

0.7260

SRI LANKA – RUPEE

130.7500

ST LUCIA – EC DOLLAR

2.7000

SUDAN – SUDANESE POUND

6.1000

SURINAME – GUILDER

3.3500

SWAZILAND – LILANGENI

10.4800

SWEDEN – KRONA

6.4140

SWITZERLAND – FRANC

0.8910

SYRIA – POUND

141.3700

TAIWAN – DOLLAR

29.8150

TAJIKISTAN – SOMONI

4.7700

TANZANIA – SHILLING

1585.0000

THAILAND – BAHT

32.7400

TIMOR – LESTE DILI

1.0000

TOGO – CFA FRANC

475.0000

TONGA – PA’ANGA

1.7420

TRINIDAD & TOBAGO – DOLLAR

6.3800

TUNISIA – DINAR

1.6430

TURKEY – LIRA

2.1360

TURKMENISTAN – MANAT

2.8430

UGANDA – SHILLING

2520.0000

UKRAINE – HRYVNIA

8.2300

UNITED ARAB EMIRATES – DIRHAM

3.6730

UNITED KINGDOM – POUND STERLING

0.6050

URUGUAY – PESO

21.1000

UZBEKISTAN – SOM

2237.0000

VANUATU – VATU

95.3600

VENEZUELA – BOLIVAR

6.3000

VIETNAM – DONG

21100.0000

WESTERN SAMOA – TALA

2.2590

YEMEN – RIAL

214.5000

ZAMBIA – NEW KWACHA

5.5000

ZAMBIA – KWACHA

5455.0000

ZIMBABWE – DOLLAR

1.0000